GL for Builders, Contractors, Artisans Nuts & Bolts: Golden Insurance Co. RRG extended its commercial general liability coverage for builders, general contractors and artisans to $1 million/$1 million. Coverage is offered on a claims-made basis, and most builder trade classes …
Despite Katrina lessons, Congress keeps extending flood insurance The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized …
The National Association of Insurance Commissioners (NAIC) today announced several changes to the format of its quarterly National Meetings. The new format, which features a more compact meeting schedule, will be introduced during the NAIC’s Spring National Meeting, March 9-12 …
U.S. Representatives Ginny Brown-Waite (FL) and Vern Buchanan (FL) today introduced the Homeowners’ Insurance Protection Act of 2007, a comprehensive catastrophic insurance bill that would establish a federal reinsurance catastrophic fund (cat fund) as a federal backstop for future natural …
Montgomery, Ala. based Enstar Group and Bermuda’s Castlewood Holdings Limited jointly announced that Castlewood and Oceania Holdings Ltd, a wholly-owned subsidiary of Castlewood, have entered into a definitive agreement for the purchase of Inter-Ocean Holdings Ltd. for approximately $57 million. …
The Louisiana Department of Environmental Quality is trying to partner with local governments to dispose of more than 10,000 flooded vehicles collected after the 2005 hurricane season. Still, the project will not be completed before Louisiana begins bearing at least …
Birmingham headquartered Infinity Property and Casualty Corp. announced the latest phase of its growth plan, which promises to benefit Alabama’s economy and create new jobs. Assisted by incentive packages from the city of Birmingham, Jefferson County and the state of …
AssuranceAmerica Corp., an Atlanta based insurance holding company, has written its first auto insurance policy in Louisiana. The company now writes in six states including Georgia, Florida, South Carolina, Alabama and Texas and has plans to expand to additional states. …
Bliss and Glennon Inc., a managing general agency and surplus lines broker based in Redondo Beach, Calif., opened two new regional offices in Manchester, N.H., and Birmingham, Ala., in late December in an effort to broaden Bliss & Glennon’s Excess …
SONY BMG Music Entertainment has agreed to pay Ohio and 39 additional states $4.25 million to resolve the states’ investigation into problems that arose when SONY placed anti-copying software on music CDs without notifying consumers. “The Consumer Sales Practices Act …
